Norway's producer prices jumped by 18.4 percent year-on-year in March 2021, accelerating sharply from a 9.7 percent gain in the previous month. This was the third straight month of producer inflation and the steepest pace since October 2018, as cost rose faster for energy goods (60.3 percent vs 23.3 percent), extraction and related services (52.5 vs 22.8 percent), and manufacturing (2.4 percent v 0.2 percent). In addition, prices of electricity, gas, and steam continued to increase (41.4 percent vs 55.1 percent). On a monthly basis, producer prices fell by 0.2 percent in March, after a 5.4 percent gain in February. source: Statistics Norway

Producer Prices Change in Norway averaged 4.79 percent from 2000 until 2021, reaching an all time high of 33.90 percent in August of 2008 and a record low of -18.70 percent in November of 2001. This page provides - Norway Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Producer Prices Change in Norway is expected to be 7.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Norway to stand at 6.00 in 12 months time. In the long-term, the Norway Producer Prices Change is projected to trend around 6.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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Norway Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
18.40 9.70 33.90 -18.70 2000 - 2021 percent Monthly
2000=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-11 07:00 AM Dec -5.7% -3.4% -2%
2021-02-10 07:00 AM Jan 0.6% -5.7% -5.2%
2021-03-10 07:00 AM Feb 9.7% 0.6% 1.5%
2021-04-09 06:00 AM Mar 18.4% 9.7% 12.9%
2021-05-10 06:00 AM Apr 18.4%
2021-06-10 06:00 AM May
2021-07-09 06:00 AM Jun
2021-08-10 06:00 AM Jul


News Stream
Norway Producer Prices Rise the Most in 2-1/2 Years
Norway's producer prices jumped by 18.4 percent year-on-year in March 2021, accelerating sharply from a 9.7 percent gain in the previous month. This was the third straight month of producer inflation and the steepest pace since October 2018, as cost rose faster for energy goods (60.3 percent vs 23.3 percent), extraction and related services (52.5 vs 22.8 percent), and manufacturing (2.4 percent v 0.2 percent). In addition, prices of electricity, gas, and steam continued to increase (41.4 percent vs 55.1 percent). On a monthly basis, producer prices fell by 0.2 percent in March, after a 5.4 percent gain in February.
2021-04-09
Norway Producer Prices Rise the Most in Over 2 Years
Norway's producer prices jumped by 9.7 percent year-on-year in February 2021, accelerating sharply from a 0.6 percent gain in the previous month. This was the second straight month of producer inflation and the steepest pace since November 2018. Cost of electricity, gas, and steam rose much faster (55.1 percent vs 31.7 percent in January). At the same time, prices rebounded for energy goods (23.3 percent vs -1.2 percent); extraction and related services (22.8 percent vs -1.4 percent); and manufacturing (0.2 percent vs -0.2 percent). On a monthly basis, producer prices rose by 5.4 percent in February, after a 5.3 percent gain in January.
2021-03-10
Norway Producer Prices Rise for First Time in 20 Months
Norway's producer prices rose by 0.6 percent year-on-year in January 2021, after a 5.7 percent fall in the previous month. This was the first producer inflation since May 2019. Cost of electricity, gas, and steam rebbounded sharply (31.7 percent vs -17.4 percent in December). At the same time, prices decreased much softer for energy goods (-1.2 percent vs -15.9 percent); extraction and related services (-1.4 percent vs -11.5 percent); and manufacturing (-0.2 percent vs -1.1 percent). On a monthly basis, producer prices rose by 5.3 percent in January, after a 1.6 percent gain in December.
2021-02-10
Norway Producer Prices Fall for 20th Month
Norway's producer prices declined by 5.7 percent year-on-year in December 2020, after a 3.4 percent fall in the previous month, pointing to the 20th straight month of drop in produces prices Prices decreased at faster paces for most components: energy goods (-15.9 percent vs -13.3 percent in November); extraction and related services (-11.5 percent vs -3.4 percent); and manufacturing (-1.1 percent vs -0.8 percent). Meanwhile, cost of electricity, gas, and steam fell by 17.4 percent, after a 34.0 percent slump in November. On a monthly basis, producer prices rose by 1.6 percent in December, after a 4.5 percent gain in November.
2021-01-11

Norway Producer Prices Change
In Norway, the Producer Price Index measures the price development of first hand sales of products to the Norwegian market, from Norwegian production and export. Manufacturing prices account for 54 percent of the total index. The biggest segments within Manufacturing prices are: Food, beverages and tobacco (12 percent), refined petroleum products (8 percent) machinery and equipment (6 percent) and basic metals (5 percent). Extraction and related services account for 41 percent, Electricity, gas and steam account for 4 percent and Mining and quarrying account for 1 percent.